Trend-Following Backtester · Guide · backtest 한국어

equity · GB

Close Brothers Group plc backtest

10 trend-following strategies were compared on the full daily history of Close Brothers Group plc. 3 beat buy-and-hold CAGR; ADX / DI 방향성 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Donchian 채널 돌파 (CAGR 5.7%, MDD -28.4%).

Data 1988-07-01 ~ 2026-07-31daily bars 9,765 (38.1 years)Costs 0.5%Venue LSEMonthly snapshot 2026-07-31

Results by strategy

3 of 10 beat buy and hold (CAGR 4.3%, drawdown -89.2%).

Sharpe leader (same as main): ADX / DI 방향성 — CAGR 2.6%, MDD -16.3%, Sharpe 0.53, 6% exposure.

CAGR reference leader: Supertrend — CAGR 5.9%, MDD -68.2%, exposure 63%.

Return/drawdown alternative: Donchian 채널 돌파 — CAGR is 1.7%p lower than buy and hold, while drawdown improves by 72.9%p (CAGR 5.7%, MDD -28.4%, exposure 40%).

The alternative must retain 75% of buy-and-hold CAGR, improve drawdown by at least 20% and 5 percentage points, and stay below 95% exposure; the ranking weights return retention 60% and drawdown improvement 40%.

Strategy · parametersCAGRMDDSharpeCalmarTotalTradesExposure
ADX / DI 방향성
period=34, threshold=39
2.6%-16.3%0.530.162.6x246%
볼린저 밴드 돌파
n=27, k=3.2
3.4%-22.0%0.500.153.5x6611%
ROC 모멘텀
n=101, threshold=0.1
4.3%-33.1%0.400.134.9x17026%
Donchian 채널 돌파
entryN=81, exitN=9
5.7%-28.4%0.400.208.2x13440%
Keltner 채널 돌파
emaPeriod=22, atrPeriod=20, mult=3.2
5.4%-32.2%0.390.177.3x9431%
Supertrend
period=14, mult=4.5
5.9%-68.2%0.360.098.9x13363%
SMA 크로스오버
fast=14, slow=166
3.9%-64.6%0.330.064.2x7042%
EMA 크로스오버
fast=56, slow=82
3.6%-60.2%0.300.063.9x5244%
Parabolic SAR
step=0.01, maxStep=0.34
4.1%-72.8%0.280.064.6x33564%
MACD
fast=14, slow=46, signal=14
3.3%-64.7%0.270.053.4x37137%
Buy and hold4.3%-89.2%0.280.054.9x1100%
1x 10x 1989 1994 1999 2004 2009 2014 2019 2024 SupertrendADX / DI 방향성Buy and hold
ADX / DI 방향성 (Sharpe leader), Supertrend (CAGR reference), Buy and hold.
0% -22% -45% -67% -89% 1989 1994 1999 2004 2009 2014 2019 2024 Buy and holdSupertrendADX / DI 방향성
ADX / DI 방향성 maximum drawdown -16.3% (1998-06-10 → 1998-06-24), prior peak not yet recovered.

Rules of the top strategy

Looks at both the direction and the strength of the trend; holds only in a strong uptrend.

Method and caveats

Past performance does not guarantee future returns. Parameters were selected on the same full-history sample using sharpe over 40 trials per strategy, so results contain in-sample bias. 0.5% trading costs are included; taxes, slippage and rejected orders are not.
Re-run the same setupAll asset reports

Read next